Bilibili Inc. (BILI): Technicals Say You should Hold


Bilibili Inc. (NASDAQ:BILI) saw an upside of 3.11% to close Monday at $26.18 after adding $0.79 on the day. The 5-day average trading volume is 6,327,940 shares of the company’s common stock. It has gained $27.38 in the past week and touched a new high 1 time within the past 5 days. An average of 9,274,425 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 12,729,370.

BILI’s 1-month performance is 18.03% or $3.01 on its low of $22.28 reached on 12/29/22. The company’s shares have touched a 52-week low of $8.23 and high of $39.81, with the stock’s rally to the 52-week high happening on 01/05/23. YTD, BILI has achieved 10.51% or $2.49 and has reached a new high 3 times. However, the current price is down -34.24% from the 52-week high price.

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Valuation Metrics

BILI stock has a beta of 1.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.28 while the price-to-book (PB) in the most recent quarter is 4.24.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.74, while the total debt to equity was 1.16. In terms of profitability, the gross margin trailing 12 months is 17.20%. The trailing 12-month EBITDA margin is -19.74% while for the period ending June 29, Bilibili Inc.’s operating margin was -37.30%. The firm’s gross profit as reported stood at $634.46 million against revenue of $3.04 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Bilibili Inc.’s cash and short-term investments amounted to $2.36 billion against total debt of $18.37 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 56.68% to -$1.07 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BILI to announce -$0.61 per share in earnings in its latest quarter, but it posted -$0.69, representing a -13.10% surprise. EBITDA for the quarter stood at more than -$269.94 million. BILI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.37 billion, with total debt at $18.37 billion.

Let’s look briefly at Bilibili Inc. (BILI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 52.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 53.74%.

The stock’s 5-day moving average is $25.64, reflecting a -6.40% or -$1.79 change from its current price. BILI is currently trading +12.17% above its 20-day SMA, +9.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +126.47% and SMA200 by-13.20%.

Stochastic %K and %D was 34.69% and 39.33% and the average true range (ATR) pointed at 1.76. The RSI (14) points at 55.56%, while the 14-day stochastic is at 34.27% with the period’s ATR at 1.84. The stock’s 9-day MACD Oscillator is pointing at -0.96 and -1.55 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Bilibili Inc. (NASDAQ: BILI), Bernstein upgraded it to a Mkt perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for BILI stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate BILI as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 28 have offered a “buy” rating.

What is BILI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $91.36 and a high of $270.87, with their median price target at $173.54. Looking at these predictions, the average price target given by analysts is for Bilibili Inc. (BILI) stock is $176.25.


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